HONOLULU – As of January 1, Todd Takayama, senior vice president at First Insurance Company of Hawaii (FICOH), has assumed the additional title of chief underwriting officer, with executive oversight of the company’s corporate, personal and commercial underwriting divisions.
Takayama’s promotion is part of the succession plan for executive vice president Steve Tabussi, who retired on December 31, 2019 after serving FICOH for more than 17 years. Tabussi will continue to stay involved with strategic initiatives. He will also remain a member of the Advisory Board and trustee with the FICOH Charitable Foundation.
Tabussi’s phased succession plan includes several other organizational changes as well. In July 2019, Kevin Kurosu was promoted to vice president of commercial underwriting. Also, as part of the plan, Darren Okihara has transitioned from vice president of sales and marketing to vice president of affiliate collaboration and broker relations, with responsibility for developing synergies with Tokio Marine sister companies on the mainland and around the world.
“I would like to thank Steve for his trusted leadership over the past 17-plus years,” said Jeff Shonka, president and CEO of FICOH. “These organizational changes demonstrate FICOH’s focus on succession planning and will position us well for the future."
About First Insurance Company of Hawaii
Founded in 1911, First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets of $667.8 million, liabilities of $387.6 million, and policyholders’ surplus of $280.1 million as of December 31, 2018.
First Insurance, a member of the Tokio Marine North America (TMNA) group of companies, enjoys an “A+” rating from A.M. Best Co.
Proud of its broadly experienced, service-oriented staff, First Insurance employs more than 350 insurance professionals and distributes its products through 26 independent general agencies. First Insurance was named 2018 Kupuna Advocate of the Year by Hawaii Meals on Wheels (HMOW) for its exemplary support of HMOW and other organizations that serve seniors. It was also awarded the American Heart Association’s Workplace Health Gold Achievement for 2019.